Advertisements
Advertisements
प्रश्न
A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admitted C as a new partner for 3/7th share in the profit and the new profit-sharing ratio will be 2 : 2 : 3. C brought ₹ 2,00,000 as his capital and ₹ 1,50,000 as premium for goodwill. Half of their share of premium was withdrawn by A and B from the firm. Calculate sacrificing ratio and pass necessary Journal entries for the above transactions in the books of the firm.
उत्तर
|
Journal |
|||||
|
Date |
Particulars |
L.F. |
Debit Amount Rs |
Credit Amount Rs |
|
|
|
Cash A/c |
Dr. |
|
3,50,000 |
|
|
|
To C’s Capital A/c |
|
|
2,00,000 |
|
|
|
To Premium for Goodwill A/c |
|
|
1,50,000 |
|
|
|
(C brought capital and Premium for Goodwill) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Premium for Goodwill A/c |
Dr. |
|
1,50,000 |
|
|
|
To A’s Capital A/c |
|
|
1,10,000 |
|
|
|
To B’s Capital A/c |
|
|
40,000 |
|
|
|
(Premium for Goodwill distributed) |
|
|
|
|
|
|
|
|
|
|
|
|
|
A’s Capital A/c |
Dr. |
|
55,000 |
|
|
|
B’s Capital A/c |
Dr. |
|
20,000 |
|
|
|
To Cash A/c |
|
|
75,000 |
|
|
|
(Half of the goodwill withdrawn by A and B) |
|
|
|
|
Calculation of Sacrificing Ratio :
Sacrificing Ratio = Old Ratio - New Ratio
A's = `3/5 - 2/7` = `11/35`
B's = `2/5 - 2/7 = 4/35`
Sacrificing Ratio = `11/35 : 4/35` = 11 : 4
Working Notes-
WN1 : Distribution of Premium for Goodwill
A will get = 1,50,000 x `11/15` = Rs. 1,10,000
B will get = 1,50,000 x `4/15` = Rs. 40,000
WN2 : Amount of Premium for Goodwill withdrawn
A will withdrawn = 1,10,000 x `1/2` = Rs. 55,000
B will withdrawn = 40,000 x `1/2` = Rs. 20,000.
APPEARS IN
संबंधित प्रश्न
What is sacrificing ratio? Why is it calculated?
Sandeep and Navdeep are partners in a firm sharing profits in 5:3 ratio. They admit C into the firm and the new profit sharing ratio was agreed at 4:2:1. Calculate the sacrificing ratio?
X and Y are partners sharing profits in the ratio of 3 : 1. Z is admitted as a partner for which he pays ₹ 30,000 for goodwill in cash. X, Y and Z decide to share the future profits in equal proportion. You are required to pass a single Journal entry to give effect to the above arrangement.
A and B are sharing profits and losses equally. With effect from 1st April, 2019, they agree to share profits in the ratio of 4 : 3. Calculate individual partner's gain or sacrifice due to the change in ratio.
X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2019, they decide to share profits and losses in the ratio of 5 : 2 : 3. Calculate each partner's gain or sacrifice due to the change in ratio.
Rakesh and Suresh are sharing profits in the ratio of 4 : 3. Zaheer joins and the new ratio among Rakesh, Suresh and Zaheer is 7 : 4 : 3. Find out the sacrificing ratio.
A and B are partners sharing profits in the ratio of 3 : 2. C is admitted as a partner. The new profit-sharing ratio among A, B and C is 4 : 3 : 2. Find out the sacrificing ratio.
A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. D is admitted for 1/3rd share in future profits. What is the sacrificing ratio?
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio.
P and Q are partners sharing profits in the ratio of 3 : 2. They admit R into partnership who acquires 1/5th of his share from P and 4/25th share from Q. Calculate New Profit-sharing Ratio and Sacrificing Ratio.
Share of goodwill brought in by new partner in cash is shared by old partners in:
Sacrifice Ratio = ____________
Change in profit-sharing ratio of existing partners results in:
